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Coral Gables Real Estate | Coral Gables Real Estate Blog (10 unread)

• Sold By The Riley Smith Group In Coral Gables | 137 Morningside Drive

  Congratulations to my sellers at 137 Morningside Drive who just closed on their home.  We listed and pended this property in just 2 weeks and sold it for 94% of its list price which is above average in the Coral Gables market.

  Details of 137 Morningside Drive:

  3,051 Square Feet Of Living [...]
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• Highest Lakefront Sale In Coral Gables Since 2007

  The lakefront home located at 5001 Hammock Lake Drive closed this week for $5,500,000.  This is the highest sale price we have seen for a lakefront home in Coral Gables since the sale of 4900 Lake Lane back in 2007 which was located on a private island and closed for [...]

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• Townhouses In Coral Gables

  I get a lot of emails from readers regarding townhouses in Coral Gables.  Although demand seems relatively high, unfortunately the options are very limited for those looking for a townhouse style home here.

  That being said, a townhouse just hit the market in Bermuda Village.  Located at 558 Loretto this townhouse [...]

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• It’s Not Just The Gables!

  It’s not just Coral Gables homeowners that are seeing home values rise, it’s all of Miami!  Check out the chart below which shows the “average sale price per square foot” of single family homes in Miami over the past year.

  (Click on chart to view larger)

  The [...]

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• Act Fast If You Like This Home At 837 Obispo Avenue

  This historically designed home was just listed on Obispo Avenue and I can assure you that it will sell right away.  The home is not only priced under $600,000 which is the most active segment of the Coral Gables market right now, but it exudes charm and is located on one [...]

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• Cocoplum Market Update | Prices On The Rise!

  Back in March I reported that Cocoplum was having a slow start to 2013 with just 1 closed sale.  Since then, there have been 6 more sales with a combined total volume of $18,000,000.  It appears that the gated community is on track to sell approximately the same number of homes [...]

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• Just Listed In Coral Gables By The Riley Smith Group!

  Activity is extremely high for our new listing in Coral Gables.  Loctaed at 1160 South Alhambra Circle, this home is situated on a large 10,000 square foot lot and offers 2,140 square feet of living space with 3 bedrooms, 2 baths.  It is ideally located within walking distance to the [...]

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• Then And Now…Coral Gables Old Spanish Homes

  Buyers are drawn to the charm and history of Coral Gables, it is one reason that real estate here sells for a premium.  Check out these photos of 1924 Ferdinand Street.   Built in 1925 the home has been updated nicely without compromising the historical details.

  1924 Ferdinand Street was recently [...]

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• Homes For Sale Near The University of Miami Campus

  Whenever I work with the faculty and staff of The University of Miami, they always ask me to start their home search within a small radius around the campus.  I don’t blame them, there is something to be said for a 1 minute commute to work in the morning!

  There are [...]

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• Absorption Rate In Coral Gables: Closed vs. Pending Sales

  Absorption rate is the rate at which homes are selling in a particular area.  A balanced market’s absorption rate is typically between 5 – 7 months.  The current absorption rate of closed sales in Coral Gables is 4.6 months.  This means that if market conditions do not change and if [...]

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